Dow Inc. (DOW) Volatility Hits 3.18%: What Good Investors Need To Be Aware Of

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Dow Inc. (NYSE:DOW) price on Friday, September 09, rose 1.54% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $50.16.

A look at the stock’s price movement, the level at last check in today’s session was $49.40, moving within a range at $47.95 and $49.51. The beta value (5-Year monthly) was 1.41 while the PE ratio in trailing twelve months stood at 5.54. Turning to its 52-week performance, $71.86 and $47.95 were the 52-week high and 52-week low respectively. Overall, DOW moved -6.30% over the past month.

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Dow Inc.’s market cap currently stands at around $35.95 billion, with investors looking forward to this quarter’s earnings report slated for Apr 20, 2022 – Apr 25, 2022. The company has a Forward Dividend ratio of 2.80, with its dividend yield at 5.67%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report. Analysts project the company’s earnings per share (EPS) to be $1.75, which has seen fiscal year 2022 EPS growth forecast to increase to $7.95 and about $6.77 for fiscal year 2023. Per the data, EPS growth is expected to be -11.50% for 2022 and -14.80% for the next financial year.

Analysts have a consensus estimate of $14.68 billion for the company’s revenue for the quarter, with a low and high estimate of $14.29 billion and $14.87 billion respectively. The average forecast suggests up to a 3.00% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue for 2022 to grow to $59.54 billion, representing a 8.30% jump on that reported in the last financial year.

Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that DOW is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.

24 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 17 analyst(s) rate the stock as a Hold, 4 recommend DOW as a Buy and 0 give it an Overweight rating. Meanwhile, 1 analyst(s) rate the stock as Underweight and 2 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.

DOW’s current price about -5.92% and -3.98% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 40.68, while 7-day volatility ratio is 3.18% and 2.31% in the 30-day chart. Further, Dow Inc. (DOW) has a beta value of 1.35, and an average true range (ATR) of 1.43. Analysts have given the company’s stock an average 52-week price target of $57.86, forecast between a low of $45.00 and high of $71.00. Looking at the price targets, the low is 10.29% off recent price level in today’s trading while to achieve the yearly target high, it has to move -41.55%. Nonetheless, investors will most likely welcome a -17.62% jump to $59.00 which is the analysts’ median price.

In the market, a comparison of Dow Inc. (DOW) and its peers suggest the former has performed considerably stronger. Data shows DOW’s intraday price has changed 1.54% today and -18.60% over the past year. Comparatively, Linde plc (LIN) has moved 1.13% so far today and only -8.88% in the past 12 months. Looking at another peer, we see that Air Products and Chemicals Inc. (APD) price has gained 0.83% on the day. However, the stock is -5.19% off its price today a year ago. If we look at the PE ratio, we find that Dow Inc.’s ratio stands at 5.54 compared to Linde plc’s 41.18 and Air Products and Chemicals Inc.’s 25.31. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are up 1.34% and 1.12% respectively on the day as seen in early trades.

If we refocus on Dow Inc. (NYSE:DOW), historical trading data shows that trading volumes averaged 6.64 million over the past 10 days and 6.11 million over the past 3 months. The company’s latest data on shares outstanding shows there are 725.70 million shares.

The 0.10% of Dow Inc.’s shares are in the hands of company insiders while institutional holders own 67.60% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 14.92 million on Jul 14, 2022, giving us a short ratio of 2.28. The data shows that as of Jul 14, 2022 short interest in Dow Inc. (DOW) stood at 2.08% of shares outstanding, with shares short falling to 15.06 million registered in Jun 14, 2022. Current price change has pushed the stock -12.91% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the DOW stock continues to rise going into the next quarter.